Immigrants working in Poland sent PLN 7.2 billion abroad in the second quarter of 2023, of which 62 percent went to Ukraine. In turn, transfers to Poland amounted to PLN 4.9 billion in this period, and the main destination was Germany – according to data from the National Bank of Poland (NBP).
Transfers from Poland from working immigrants in the second quarter of 2023 amounted to PLN 7.2 billion, PLN 0.9 billion more than in the same period of 2022, the National Bank of Poland reported. On Ukraine 62.0 percent hit. total transfers.
Transfers from Poland from working immigrants
NBP reported that the recorded increase was due to growing transfers from short-term immigrants, which amounted to PLN 5.2 billion in the second quarter of 2023 compared to PLN 4.9 billion in the second quarter of 2022.
NBP data show that the geographical structure was still dominated by transfers to Ukraine. They amounted to PLN 4.6 billion and accounted for 62.0 percent. all means.
The National Bank of Poland reports that funds transferred to other countries neighboring Poland also increased, including the most Belarus.
Transfers to Poland from emigrants
Transfers to Poland from emigrants in the second quarter of 2023 amounted to PLN 4.9 billion compared to PLN 4.7 billion in the corresponding quarter of 2022, the National Bank of Poland reported.
“In the second quarter of 2023, PLN 4.9 billion came to the country due to Poles working abroad. This amount included transfers from short-term migrants in the amount of PLN 1.8 billion (i.e. 37.8% of total transfers) and from long-term migrants in the amount of PLN 3.0 billion (i.e. 62.2% of the total amount),” wrote the NBP.
The NBP reports that compared to the same period of the previous year, the total amount of funds transferred was higher by approximately PLN 0.2 billion, and the recorded increase was mainly due to a higher inflow of funds from GermanNetherlands, Norway.
On the other hand, a decrease was recorded in funds transferred to Poland from Great Britain and Ireland.
Germany remains the country with the highest value of remittances. In the second quarter of 2023, Poles working there transferred PLN 1.8 billion to the country. She came in second place Great Britain, from which PLN 0.6 billion flowed to Poland. In total, remittances from these two countries accounted for 50.0 percent. all transfers.
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